Cairn Energy Plc chief executive Bill Gammell described the 30-minute meeting as 'positive and constructive'.
A refurbished R K Khanna Tennis Complex was formally handed over to Commonwealth Games Organising Committee chairman Suresh Kalmadi on Monday, at a ceremony attended by Union Minister of Urban Development S Jaipal Reddy and Delhi Chief Minister Sheila Dikshit. Unlike other stadia, upgradation of which is being undertaken by government agencies like the DDA and NDMC, the tennis venue was completed by the All India Tennis Association (AITA).
BP, which recently bought 30 per cent stake in KG-D6 and 20 other blocks of Reliance Industries for $7.2 billion, is keen to undertake sea-bed surveys this winter season -- the only four months weather window available in Bay of Bengal for such jobs, to acess potential of satellite discoveries in the block and draw blue-print of their development.
Reddy, who moved from urban development to the oil ministry, got down to tackling the task straightaway with a brainstorming session with senior ministry officials on Thursday.
In a surprise development, S Jaipal Reddy was on Wednesday made the petroleum and natural gas minister in the reshuffle and expansion of the Cabinet, which saw the elevation of three ministers to the Cabinet rank and induction of three new faces.Praful Patel, Shriprakash Jaiswal and Salman Khursheed were promoted as Cabinet ministers while Congress leaders Beni Prasad Verma (Uttar Pradesh), Ashwani Kumar (Punjab) and K C Venugopal (Kerala) were the new inductions.
Janata Dal (United) chief Sharad Yadav on Monday suggested selling of diesel at higher prices to private car owners, hotels and malls to fund fuel subsidy for farmers and public transport sector.
Ahead of the much anticipated meeting of a high power panel of ministers, Oil Minister S Jaipal Reddy on Friday said his ministry has made no specific proposal on increasing auto and cooking fuel prices.
An empowered group of ministers headed by Finance Minister Pranab Mukherjee, which decides on revising rates of the sensitive products, has not met since June last year even though crude oil prices have spiralled upward by about 50 per cent.
Empowered group of ministers on fuel pricing was likely to meet soon.
The decision came following the intervention of Civil Aviation Minister Vayalar Ravi who met Petroleum Minister S Jaipal Reddy to sort out the issue.
Basket of crude up 6%, while rupee has depreciated nearly 14% leading to losses
The beleaguered organizing committee chairman Suresh Kalmadi met Urban Development Minister Jaipal Reddy, who also heads the group of ministers for Commonwealth Games, but what exactly transpired in the closed-door meeting was not known.
India imported 13.2 million tonnes of crude oil from Nigeira in 2009-10.
With global crude oil prices climbing to their highest level in two-and-a-half years, Oil Minister S Jaipal Reddy on Friday said a ministerial panel will take a call on raising petrol and diesel prices.
Andhra Pradesh ministers from the Telangana region, who have sent their resignation letters to Sonia Gandhi, arrived in New Delhi on Sunday to hold consultations with top leaders, and demanded that the government come out with a "time-bound programme" for the creation of a separate state.
The foundation stone for the prestigious Hyderabad Metro Rail Project will be laid in January 2011.
The first meeting of the Group of Ministers on inclusion of caste categories in the census is likely to be held on July 1.
Petroleum Minister Jaipal Reddy said these measures would cost the government Rs 49,000 crore in the current financial year.
Reliance Industries' eastern offshore KG-D6 gas fields are likely to see output drop to all-time low of 20 million standard cubic meters per day in 2014-15, Oil Minister S Jaipal Reddy said on Tuesday.
This is the tenth hike in the price of petrol in just over a year. With this hike, inflation is likely to rise sharply once again.
The issue of equity infusion in Air India will be taken up by the Cabinet shortly and a cabinet note will be prepared in two weeks.
As part of investigations into the suspicious death of Kiran Reddy, niece of Union Minister for Petroleum S Jaipal Reddy, police on Tuesday began questioning her husband and in-laws.
Minister for Urban Development S.Jaipal Reddy Union on Wednesday said that the Delhi Metro is the proudest achievement of modern India. He further mentioned that the ministry has taken some important decisions relating to urban transport to help the daily commuters and ease traffic congestion.
Against the backdrop of the Adarsh scam, the government on Saturday blamed the complex land title system for the increasing number of such cases and favoured urgent reforms in the sector to make it transparent and effective. "The recent scandal related to Adarsh housing society is a classic example. Nobody knows to whom the land belongs," Urban Development Minister Jaipal Reddy said. He added, "Can there be a more sorry example of land titling?"
The Union Cabinet on Thursday gave its approval to establish a special purpose vehicle for funding infrastructure projects
More than three months after RBI scrapped a long-standing payment mechanism used to pay for Iranian crude imports, India has resumed payments to the nation's second largest oil supplier using an alternative system.
Another deadline for completion of projects at the venues for Commonwealth Games will be missed with Union Urban Development Minister Jaipal Reddy saying there will be delay by a "couple" of days beyond August 31.
Of these, only 216 are spoken by a group of 10,000 persons or more.
With food inflation ruling at uncomfortable level, Petroleum Minister S Jaipal Reddy on Thursday ruled out freeing of diesel prices from government control, saying the move was not politically and practically feasible.
There is no proposal on the anvil for an increase in prices of diesel, Reddy told reporters after taking charge of the new ministry.
The GoM, which meets for the first time after the conclusion of the mega sporting event, is likely to focus on how the Organising Committee spent 1,600 crore rupees given by the Centre.
Union Urban Development Minister S Jaipal Reddy said Metro rail system in cities like Mumbai and Chennai will be built on standard gauge, which is used in most of the new age transport systems in the world.
From this point it really doesn't matter whether Sheila Dixit or Suresh Kalmadi retain their jobs or M S Gill and Jaipal Reddy must also bear equal responsibility. The damage has been done, says M K Bhadrakumar.
A day after the Centre put the Telangana issue on the backburner, Congress Members of Parliament from the region are likely to resign on Thursday to protest the government's action. Sources said 12 Congress MPs from the Telangana region in Andhra Pradesh have decided to resign and are holding deliberations on whether to send their resignations to Lok Sabha Speaker Meira Kumar or party chief Sonia Gandhi. Karimnagar MP Ponnam Prabhakar said he has decided to put in his papers
Building of more flyovers in cities were only aiding the personal car-owners, Urban Development Minister Jaipal Reddy on Monday said and maintained that the focus should be on expanding the new-age public transport systems like Metro and BRT.
Delhi Metro on Thursday achieved another milestone when a brand-new train chugged into the satellite city of Noida for the first time paving the way for thousands of commuters in east Delhi and adjoining areas to enjoy the new age transport system.
To encourage greater use of public transport and non-motorised mode of transport, BRTS projects in Ahmedabad, Rajkot, Surat, Indore, Bhopal, Pune/Pimpri-Chinchwad, Vijayawada, Vishakhapatnam and Jaipur have been approved.
Urban development minister S Jaipal Reddy is afraid of going to Parliament as the newly-elected members of the Parliament besiege him and ask for development funds but the ministry hardly has any money to spare.
Metro rail projects in Hyderabad and Mumbai will come up through PPP model. Besides Metro, government is also keen to allow bus rapid transit (BRT) system, construction of road over bridge (ROB) and underpass through the PPP mode. The JNNURM scheme launched in the end of 2005 recognises that mere funding of infrastructure projects alone will not enable in transforming cities and what is required is a clear focus on a set of reforms at state and urban local body level.
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